Electronic Arts Inc. (NASDAQ:EA) Insider Vijayanthimala Singh Sells 1,000 Shares

Electronic Arts Inc. (NASDAQ:EA) insider Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $147.57, for a total value of $147,570.00. Following the completion of the transaction, the insider now owns 29,216 shares of the company’s stock, valued at approximately $4,311,405.12. The trade was a 3.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Vijayanthimala Singh also recently made the following trade(s):

• On Monday, December 2nd, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $164.45, for a total value of $164,450.00.
• On Friday, November 1st, Vijayanthimala Singh sold 1,000 shares of Electronic Arts stock. The stock was sold at an average price of $150.83, for a total value of $150,830.00.

Electronic Arts Price Performance

Shares of EA traded up $0.39 during mid-day trading on Friday, hitting $146.29. The company’s stock had a trading volume of 1,110,834 shares, compared to its average volume of 1,093,417. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.43 and a quick ratio of 1.43. The firm has a 50-day moving average price of $157.32 and a 200 day moving average price of $148.79. Electronic Arts Inc. has a fifty-two week low of $124.92 and a fifty-two week high of $168.50. The stock has a market capitalization of $38.37 billion, a price-to-earnings ratio of 37.61, a PEG ratio of 2.14 and a beta of 0.79.

Electronic Arts Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 18th. Shareholders of record on Wednesday, November 27th were given a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, November 27th. This represents a $0.76 annualized dividend and a yield of 0.52%. Electronic Arts’s dividend payout ratio (DPR) is 19.54%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on EA shares. UBS Group upped their price target on shares of Electronic Arts from $155.00 to $160.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 30th. Argus upped their target price on shares of Electronic Arts from $161.00 to $183.00 and gave the stock a “buy” rating in a research report on Thursday, November 7th. DZ Bank raised Electronic Arts from a “hold” rating to a “buy” rating and lifted their price target for the company from $135.00 to $177.00 in a report on Thursday, October 31st. BNP Paribas raised Electronic Arts to a “strong-buy” rating in a report on Wednesday, October 9th. Finally, Robert W. Baird lifted their target price on Electronic Arts from $170.00 to $175.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Eight investment analysts have rated the stock with a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $165.37.

Institutional Investors Weigh In On Electronic Arts

A number of institutional investors and hedge funds have recently modified their holdings of EA. Huntington National Bank lifted its stake in Electronic Arts by 983.4% during the third quarter. Huntington National Bank now owns 257,902 shares of the game software company’s stock valued at $36,993,000 after buying an additional 234,098 shares in the last quarter. Dai ichi Life Insurance Company Ltd lifted its position in shares of Electronic Arts by 20.8% in the 3rd quarter. Dai ichi Life Insurance Company Ltd now owns 64,170 shares of the game software company’s stock valued at $9,205,000 after acquiring an additional 11,058 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its stake in Electronic Arts by 5.9% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 84,200 shares of the game software company’s stock worth $12,078,000 after purchasing an additional 4,702 shares during the period. Greenwood Capital Associates LLC purchased a new position in Electronic Arts during the 3rd quarter worth approximately $5,597,000. Finally, Chesapeake Capital Corp IL acquired a new stake in Electronic Arts during the 3rd quarter valued at $950,000. Institutional investors and hedge funds own 90.23% of the company’s stock.

Electronic Arts Company Profile

Electronic Arts Inc develops, markets, publishes, and distributes games, content, and services for game consoles, PCs, mobile phones, and tablets worldwide. It develops and publishes games and services across various genres, such as sports, racing, first-person shooter, action, role-playing, and simulation primarily under the Battlefield, The Sims, Apex Legends, Need for Speed, and license games from others, including FIFA, Madden NFL, UFC, and Star Wars brands.